Atlantic Ridge Capital Acquired Broken Arrow's Paragon
The $900 million acquisition of the stretch film manufacturer marks the firm's debut investment.
Updated on Oct. 13, 2026 in Business Strategy
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Private equity firm Atlantic Ridge Capital has agreed to acquire Broken Arrow-based Paragon Films for $900 million. The deal includes the company's existing management team and is expected to close in the fourth quarter of 2026.
Why it matters
The acquisition shifts ownership for a manufacturer serving over 20,000 end users with technology designed to reduce material consumption by 20% to 40%. This transition marks the inaugural investment for Atlantic Ridge Capital as it enters the industrial materials market.
The $900 million deal includes debt financing from UBS Investment Bank, BMO Capital Markets Corp., and Santander Corporate & Investment Banking. Paragon Films, founded in 1988, serves over 20,000 end users.
The players
Paragon Films
A manufacturer of high-performance stretch films headquartered in Broken Arrow, Oklahoma, founded in 1988.
Atlantic Ridge Capital
A private equity firm marking its debut market entry through this $900 million acquisition.
Grafine Partners
A strategic investment partner participating in the acquisition alongside the management team.
The details
Paragon Films specializes in ultra-high-performance stretch films that allow operators to reduce total material usage by 20% to 40%. The transaction is structured as a partnership between the buyer, the existing management team, and Grafine Partners, pending the satisfaction of customary closing conditions.
Timeline
Paragon Films was founded in 1988.
Atlantic Ridge Capital announced the acquisition agreement on October 13, 2026.
The transaction is expected to close in the fourth quarter of 2026.
Market Landscape
This deal reflects a broader trend of private equity firms consolidating specialized industrial manufacturers that offer efficiency-driven products. It follows the historical pattern of firms targeting companies with proven, proprietary technologies that reduce operational costs for end users.
Operators currently using Paragon Films' products should monitor potential shifts in supply terms or account management following the 2026 closing date. Procurement teams should keep their contracts reviewed as new ownership structures often initiate internal audits of customer-tier pricing.
The takeaway
Large-scale acquisitions in the manufacturing space often precede shifts in service models or supply chain prioritization. Operators should prepare for potential administrative changes by updating their contact lists and ensuring account transition points of contact are established before year-end 2026.
What happens next
The transaction is expected to close in the fourth quarter of 2026, pending the completion of customary closing conditions.
Further reading
For more on how ownership transitions affect operational workflows, visit the Business Strategy section.
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